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Michael Kors' Q2 pips analysts' estimates; new stores outside US help

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Published Thu, Nov 5, 2015 · 09:50 PM

    New York

    MICHAEL Kors Holdings Ltd, the seller of luxury handbags and clothing, posted a second-quarter profit that topped analysts' estimates, even as its new retail locations boosted sales.

    Earnings in the quarter through Sept 26 were US$1.01 a share, the company said in a statement on Wednesday. Analysts had estimated 89 cents on average.

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